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研報掘金丨財通證券:中聯重科高機分拆上市加快發展步伐,維持“增持”評級
格隆匯 07-12 17:26
格隆匯7月12日丨中聯重科(000157.SZ)日前發佈分拆所屬子公司湖南中聯重科智能高空作業機械有限公司重組上市的預案公吿。財通證券研報指出,本次分拆上市完成後,中聯高機將成為路暢科技的子公司,路暢科技為公司控股子公司,中聯高機的財務狀況和盈利能力仍將反映在公司的合併報表中。中聯高機將通過獨立的上市公司平台增強資本實力,進一步擴大業務佈局。本次分拆上市有助於中聯高機內在價值的充分釋放,公司所持有的中聯高機權益價值有望進一步提升,流動性也將顯著改善;此外,中聯高機分拆上市有助於進一步拓寬融資渠道,提高公司整體融資效率,增強公司的綜合實力。公司工程機械行業龍頭地位穩固,起重機械和混凝土機械核心板塊競爭力持續增強;挖機、高空作業平台等新興板塊持續發力;高機分拆上市後,有望加快高機業務高質量增長。預計公司2023-2025年歸母淨利潤分別為37.79/49.46/63.58 億元,對應PE分別為15.27/11.67/9.08倍。維持公司“增持”評級。
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